NAPF Applauds Works & Pensions Committee’s Recommendation

NAPF Applauds Works & Pensions Committee’s Recommendation

The National Association of Pension Funds (NAPF) has commented on the Works & Pensions Select Committee’s report: ‘Progress with automatic enrolment and pension reforms’.

The Works & Pensions Committee’s report recommends an independent commission should be established to take an “evidence-based and inclusive approach to assessing the impacts of the recent pension reforms, and recommend further improvements where necessary” and “provide coherence in pensions policy and to build public confidence and long-term stability in the system”.

Graham Vidler, Director of External Affairs, NAPF, said:

“There has been growing consensus around the NAPF’s recommendation of an independent commission and today’s report is important because it shows there is also cross-party support for this idea. Our recommendation is based on the belief that a standing independent commission, working alongside Government, will help make sure pensions policy is made in savers’ interests and for the long-term.

“Automatic enrolment has been a great success, but this has been hard-won over more than a decade and under the guidance of the Turner Commission.  We must make sure its success is built on, not undone by knee-jerk pension policy made for short term political gain, rather than to secure savers a decent retirement.

“We fully endorse the Work & Pensions Committee’s recommendation for an independent commission and echo its call that this be set up as soon as possible after the General Election.”

Categories: News, UK Pensions

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